Old Mutual Holdings PLC reported a sharp 98% plunge in Profit after Tax (PAT) to KShs 5 million for the half year ended June 30, 2025, down from KShs 249 million last year, primarily due to higher costs and weaker insurance performance.

• PAT plummeted by 98% to KShs 5 million.
• The affected organization is Old Mutual Holdings PLC.
• Insurance revenue dipped 2.4% to KShs 16.40 billion, and insurance service result worsened to a loss of KShs 303 million, reflecting challenges in the insurance operating environment despite a rise in investment income.

HF Group PLC has reported a significant financial uplift in the first half of 2025, with profit after tax soaring by 134% to KSh 624.3 million. This strong performance, benefiting from rising interest income and lower funding costs, coincides with its banking subsidiary's upgrade to a Tier II bank, reflecting enhanced market position and capital base.

• HF Group's profit after tax for H1 2025 increased by 134% to KSh 624.3 million.
• The Group's banking subsidiary has been upgraded to a Tier II bank, with total capital rising from KSh 1.789 billion in June 2024 to KSh 8.936 billion in June 2025.
• HF Group CEO Robert Kibaara attributed the strong results to the success of their transformation and diversification strategy, evidenced by a 53% rise in net interest income to KSh 2.04 billion.

Old Mutual Holdings experienced a dramatic 99 percent plunge in profit after tax from continuing operations for the first half of 2025. This significant downturn was primarily driven by lower interest rates in Kenya and weakened insurance service results.

• Profit after tax from continuing operations plummeted by 99 percent.
• Old Mutual Holdings reported a consolidated profit before tax of Sh380 million, a 66 percent decrease from Sh1.1 billion in the first half of 2024.
• Lower interest rates in Kenya, leading to reduced interest income and fair value losses, along with higher loss ratios in Kenya's life insurance segment, were key contributing factors to the profit decline.

Kenya Airways reported a significant loss of Sh12 billion for the first half of 2025, a reversal from a Sh513 million profit during the same period last year. This downturn is primarily attributed to the grounding of aircraft and a reduction in passenger traffic.

• The airline's revenue slid 19 percent to Sh75 billion, down from Sh91 billion a year earlier, with passenger numbers falling 14 percent due to the grounding of three Boeing 787-8 Dreamliners.
• Allan Kilavuka, CEO of Kenya Airways, acknowledged the challenges, particularly the grounding of aircraft, but noted strong demand for international travel.
• Fleet ownership costs surged by 29 percent, contrasting with a 10 percent decline in operating costs in line with scaled-down operations as KQ prioritizes fleet restoration and cost optimization.